Quote:
Originally Posted by Atlas
I don't think eminent domain on the Yardstick property would be popular or set a good precedent.
Some kind of new tax on empty/parking lots in D1 might be more viable. It could force some of these land bankers to sell. Aside from Yardstick, the lots around West Temple / 300S come to mind. Might still be wishful thinking though.
|
Well the precedents have already been set in ED law and whether it's popular or not doesn't matter, per se. The controversial option would be the Kelo model of taking the property then signing it over to a third party private developer under the pretense of economic development. But taking a property blighted for 30 years in the heart of downtown? That's definitely within ED's wheelhouse.
This isn't like a parking lot or other severely underutilized property. Those at least are productive in some measure, and don't create an ongoing hazard of a neglected and derelict building. For 30 years.
I suggested a park because that's a justifiable public good. Then you could build a large pavilion to address the street and add to the urban character. Put the park space in the back. Maybe even have some graffiti wall to pay homage to the 30 years of blight. Invite some food trucks, have lots of incidental and movable seating. It would be a great little pocket park that could be programmed all year round.